mForex - Bollinger Bands - Pinbar scalping system

Transaction setup parameters
  • Time frame: M5, M15
  • Currency pair: Any except XAU/USD

Trading strategies
=== BUY ===

=== SELL ===
  • Price break out of the upper Bollinger Bands
  • The Pinbar reversal candle appeared and closed below the upper
  • Stop loss: Nearest peak + 3-5 pips
  • Profit target: 10-20 pips

* If you have any questions or suggestions for this strategy, feel free to ask us.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


Great job. Can be used with stocks also?
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